KUALA LUMPUR: Widad Business Group Sdn Bhd (WBG) has partnered with Tenaga Nasional Bhd (TNB) to develop a combined cycle gas turbine plant (CCGT).
WBG, in a statement, said both parties had secured a letter of intent (LoI) from the Ministry of Energy and Natural Resources for the project.
The project, which will be sited on land owned by TNB at Kapar, Selangor, will involve the development of a 2,100-megawatt CCGT.
“The date of the commercial operation is expected to start by 2031.
“The project will be done through a joint venture between TNB and WBG with the former holding a 60 per cent stake and the latter holding a 40 per cent,” it said.
WBG founder and group executive chairman Tan Sri Muhammad Ikmal Opat Abdullah said this project, the company’s first undertaking in the CCGT development, will be its major stepping stone.
Ikmal said that as WBG expands its footprint further in renewable energy, the company seeks to build on the technical know-how gained from this project, alongside TNB, to undertake more such projects in the future.
“With this contract, we are delighted that WBG has been entrusted with an important role to help our nation achieve carbon neutrality by 2050,” he said.